Question: A natural resources development project requires an immediate outlay of $100 000, and $50000 at the end of each year for 4 years. Net returns

A natural resources development project requires an immediate outlay of $100 000, and $50000 at the end of each year for 4 years. Net returns are nil for the first 2 years and $60000 per year thereafter for 14 years. What is the of the project at 16%?

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